The total value of owner occupied housing commitments excluding alterations and additions decreased by 7.7% (seasonally adjusted) while the trend series rose 0.9%.

PERSONAL FINANCE

The seasonally adjusted series for the value of total personal finance commitments fell by 14.0%. This decrease was due to falls in both revolving credit commitments (down 14.6%) and fixed lending commitments (down 13.3%).

The trend series for the value of total personal finance rose 1.1% due to a rise in both revolving credit commitments (up 1.7%) and fixed lending commitments (up 0.4%).

COMMERCIAL FINANCE

The seasonally adjusted series for the value of total commercial finance commitments fell by 21.2%. This decrease was due to a fall in both fixed lending commitments (down 22.6%) and revolving credit commitments (down 18.8%).

The trend series for the value of total commercial finance commitments rose 1.3%. This was due to a rise in both fixed lending commitments (up 1.9%) and revolving credit commitments (up 0.4%).